The Internal Revenue Service (IRS) issued a notice of proposed rulemaking yesterday afternoon that would expand the scope of activities by a section 501(c)(4) organization considered to be “political” under IRS regulations.1 This announcement is the beginning of a debate at the IRS on how to more precisely define political activity and limit the amount that tax-exempt organizations can spend on it. It will be many months (if not longer) before the IRS issues any final new rules and unlikely for any rulemaking to apply to any activity in 2014. Key points about the IRS notice for you to consider:
Accordingly, all of these activities would be within the scope of political activities when conducted by a section 501(c)(4) organization.
If you have questions on the proposed rulemaking or would like to discuss further, please contact Mike Wittenwyler or Wendy Richards.
1 See Reg-134417-13. The official document is scheduled to be published in the Federal Register on Friday, November 29, 2013, and will be available online at: http:/federalregister.gov/a/2013-28492.
If you have a media request or need an attorney with particular knowledge for comment, please contact Kyle Mondy, Marketing & Communications Manager, at 414.287.9481 or kmondy@gklaw.com.
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